Technologies the subscription period for the Ideal Technoplast Industries IPO will begin on Wednesday, August 21, and end on Friday, August 23. The price range for the issue has been set at ₹121 per share. 1,000 shares make up the ideal Technoplast Industries IPO lot size.
Established in 2012, Ideal Technoplast Industries Limited is a manufacturer of rigid plastic packaging that distributes its products to domestic and international markets through export companies and third parties. Ideal Technoplast offers a range of industrial packaging solutions, such as bottles, twist containers, round and square containers, adhesive, lubricant, and agricultural and culinary oil sectors.
The company makes use of state-of-the-art manufacturing technologies, including internal printing and design resources.
Offer For Sale
On Monday, August 26, the foundation for the share allotment for the Ideal Technoplast Industries IPO is anticipated to be finalized. On Tuesday, August 27, the business will begin processing refunds, and the shares will be credited to the allottees’ demat accounts that same day. On Wednesday, August 28, Ideal Technoplast Industries is expected to float its shares on NSE SME.
A new issue of 1,325,000 equity shares with a face value of ₹10 is part of the Ideal Technoplast Industries initial public offering (IPO), which is valued at ₹16.03 crore. The phrase “offer for sale” is not present. The money raised from the new issuance will be put toward both general corporate purposes and capital expenditures.
Swastika Investmart Ltd serves as the book running lead manager for the Ideal Technoplast Industries IPO, with Bigshare Services Pvt Ltd acting as the registrar for the offering. Sunflower Broking is the designated market maker for the Ideal Technoplast Industries IPO.
Ideal Technoplast Industries IPO GMP today
IBigshare Services Pvt Ltd is the registrar for the Ideal Technoplast Industries IPO, while Swastika Investmart Ltd is the book running lead manager. The approved market maker for the Ideal Technoplast Industries first public offering is Sunflower Broking. Present-day IPO GMP for Ideal Technoplast Industries The ideal grey market premium, or IPO GMP, for Technoplast Industries is +15.
This shows that the share price of Ideal Technoplast Industries was trading at a premium of ₹15 on the grey market. Ideal Technoplast Industries’ share price is projected to be listed at ₹136 per share, a 12.4% rise from the IPO price of ₹121, at the upper end of the IPO price range and with the existing premium on the grey market.
